BlackRock Flexible Income ETF (NYSEARCA:BINC) Sees Unusually-High Trading Volume

BlackRock Flexible Income ETF (NYSEARCA:BINC) shares saw an uptick in trading volume on Tuesday . 769,677 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 756,388 shares.The stock last traded at $51.89 and had previously closed at $51.87.

BlackRock Flexible Income ETF Stock Down 0.2 %

The firm’s 50 day simple moving average is $52.15 and its two-hundred day simple moving average is $51.63.

Hedge Funds Weigh In On BlackRock Flexible Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of BlackRock Flexible Income ETF in the 1st quarter valued at approximately $31,000. Global Wealth Strategies & Associates acquired a new position in shares of BlackRock Flexible Income ETF in the 1st quarter valued at approximately $39,000. Park Place Capital Corp acquired a new position in BlackRock Flexible Income ETF during the 4th quarter worth approximately $55,000. Kestra Private Wealth Services LLC increased its position in BlackRock Flexible Income ETF by 16.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,494 shares of the company’s stock worth $392,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Beta Wealth Group Inc. increased its position in BlackRock Flexible Income ETF by 2.4% during the 4th quarter. Beta Wealth Group Inc. now owns 54,487 shares of the company’s stock worth $2,848,000 after purchasing an additional 1,279 shares in the last quarter.

About BlackRock Flexible Income ETF

The BlackRock Flexible Income ETF (BINC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides an actively managed approach to multisector fixed-income exposure globally. It may hold debt and income-producing securities, of any credit quality or maturity, with the objective of maximizing long-term income and capital appreciation.